Latest from Technology Transactions Today

While the current vendor environment clearly poses significant challenges and risks to businesses entrusting them with their data, use of encryption can, at least in many cases, materially mitigate that risk. The devil, however, is in the details ……

Supreme Court Building Columns in the Capitol of Washington DC
On January 25, 2019, the Illinois Supreme Court handed down a key ruling that will make it significantly easier for consumers and workers to sue and recover damages for mere non-compliance with the requirements of the state’s Biometric Information Privacy Act, 740 ILCS 14/1 et seq. (BIPA or Act). In its highly anticipated decision in Rosenbach v. Six Flags Entertainment Corp., the state’s high court unanimously held that actual harm is not required…

Technology concept. 3D render
In the past several weeks, we have seen an uptick in crypto-related insolvencies; most recently Giga Watt, a Bitcoin-mining firm, filed for chapter 11 relief in the Eastern District of Washington. Often, the questions arising out of a crypto-related bankruptcy revolve around the value of Bitcoin or other cryptocurrency. However, while cryptocurrency is certainly how blockchain technology was first deployed, it is by no means its only utility. For example, in the organics food industry,…

Technology concept. 3D render
If you listen very carefully, the age of information security as we know it ended recently, not with a bang, but with a whimper. While that may be something of an overstatement, a recent event put us on the track to that very end.
Consider the “old-way”: Your company decides to engage a vendor to provide services or products in which the vendor will have possession of, hosting of, access to, or other use of…

A tilted view on a financial spreadsheet expressed in US dollars, with negative numbers written in red.
Cybercrime is an ever-increasing threat from which manufacturers are not immune. Although reliable statistics are not available, one particular type of scheme that seems to be on the rise is vendor payment fraud. In cases of vendor payment fraud, the fraudster poses as an existing supplier and provides the manufacturer with seemingly legitimate instructions changing the account payment information. The exact means by which vendor payment fraud schemes are perpetrated can take many forms. However,…

Use of scooter as a means of transportation on the street.
In our May 31 article, “Scooters – The Next Mobility Wave”, we talked about how electric scooters such as Lime, Bird, and Spin have been taking cities by storm. We noted how they are many times met with enthusiasm by the younger and more adventurous residents who can easily find a scooter using an app on their phone, unlock it by scanning a code on the handle, and off they go. On the…

Electronic three dimensional plastic printer during work , 3D printer, 3D printing
Additive manufacturing (aka 3D printing) has long been a growing part of the auto industry. Companies started out using 3D printing for prototypes and small batch production. As technology advanced, the role of 3D printing is rapidly increasing. This week, several major players in the auto industry announced new developments for the role of 3D printing in the industry. HP unveiled its “Metal Jet” 3D printers, which it describes as 50 times more productive,…

120 california traffic sign on dark blue sky back
While there is time before the California Consumer Privacy Act of 2018 comes into effect, which is January 1, 2020, businesses need to start planning now for compliance. The CCPA provides California consumers with significantly expanded rights as to the collection and use of their personal information by businesses. It covers any business meeting revenue or data collection volume triggers and that collects or sells information about California residents.…

Silhouette finger on tablet with graph stock market trading screen with abstract blur smartphone bokeh background , stock market concept
One of the key themes to emerge from Foley’s 2018 Cryptocurrency Survey was that investors and executives see the value of thoughtful regulation and are looking for more legal certainty as the industry matures.…

Young woman using cell phone to send text message on social network at night. Closeup of hands with computer laptop in background
California companies housing their drivers’ personal information may feel less exposed to liability in light of the Northern District of California’s holding in Antman v. Uber Technologies, Inc. in May.[1] The trial court in Antman found that Uber was not liable to its drivers after hackers illicitly accessed their personal information through Uber’s computer system.[2]
Plaintiffs Sasha Antman and Gustave Link alleged that the company failed to protect their personal information, as well…